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Best Islamic Credit Cards in Malaysia 2018

Similar to the conventional banking system, the Islamic banking system offers credit cards to its customers. These cards work on Shariah principles and offer reward points or cashback like any other card.

Islamic cards offer various benefits such as cashback, rewards points, rebates, discounts on shopping, dining, petrol and grocery expenses. These cards also offer extra benefits such as Takaful cover and annual fee waiver. Some Islamic cards offer low profit rates when compared to commercial cards.

Islamic credit cards are Shariah-compliant and unlike conventional credit cards, Islamic cards have profit rates in place instead of interest rates. Let us find out more about the best Islamic credit cards in Malaysia

Best Islamic Credit Cards

BBazaar's Best Islamic Credit Cards of 2018

Updated on 1st December 2018

Use this guide to compare and choose the card that is best suited to you. Make sure you read all terms and conditions pertaining to the card before opting for one. Identify your preferred spending category and budget to pick a card that will meet your financial needs. This table below will explain the categories that each individual card is ideal for. Utilize this table when comparing cards to choose the best card for yourself.

Credit Cards Rewards Programme
RHB Islamic World Mastercard Platinum Credit Card-i

Up to 6% cashback per month.

Complimentary access to Plaza Premium Lounge

Maybank Islamic World Mastercard Ikhwan

Earn TreatsPoints on local and overseas purchases.

HSBC Amanah MPower Credit Card-i

Get cashback on overseas and local purchases.

CIMB Islamic Bank Platinum Credit Card

Earn Bonus Points for every Ringgit you spend on all halal transactions.

Bank Rakyat Gold Credit Card-i Get Rakyat Rewards on every halal transaction you make.
BSN Al-Aiman Gold Credit Card

2x Happy Points for overseas spends.

1x Happy Points for retail spends.

AmBank Islamic Visa Infinite Card-i 5x AmBonus Points for overseas spends.
Public Islamic Bank Visa/Mastercard Platinum Credit Card-i Unlimited 0.2% Hibah Performance Bonus on local and overseas spends.

Here are the Best Islamic Credit Cards in Malaysia 2018

Updated on 1st December 2018

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Up to 6% cashback per month.

Complimentary access to Plaza Premium Lounge

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

None

(Takaful Protection)

Earn TreatsPoints on local and overseas purchases.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Takaful coverage of up to RM2 million.

(Takaful Protection)

Get cashback on overseas and local purchases.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

None

(Takaful Protection)

Earn Bonus Points for every Ringgit you spend on all halal transactions.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Travel takaful coverage of up to RM1 million.

(Annual Fees)

Get Rakyat Rewards on every halal transaction you make.

(Rewards Programme)

13% p.a. to 18% p.a.

(Profit Rate)

Free takaful coverage for family and Khairat Kematian.

(Takaful Protection)

2x Happy Points for overseas spends.

1x Happy Points for retail spends.

(Annual Fees)

Government Servants—11% p.a. to 17.5% p.a.

Private Employees—13.5% p.a. to 17.5% p.a.

(Profit Rate)

Travel accident and inconvenience benefit of up to RM500,000.

(Takaful Protection)

5x AmBonus Points for overseas spends.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Travel takaful coverage of up to RM2 million.

(Takaful Protection )

Unlimited 0.2% Hibah Performance Bonus on local and overseas spends.

(Rewards Programme)
15%p.a to 18%p.a.

(Profit Rate)

Up to RM500,000.

(Takaful Protection)

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the new cards or cards up for renewal.

RHB Islamic World Mastercard Platinum Credit Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Up to 6% cashback per month.

Complimentary access to Plaza Premium Lounge

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

None

(Takaful Protection)

The RHB Islamic World Mastercard Platinum Credit Card-i is a Shariah-compliant card that offers a range of benefits. You can get a credit limit ranging from RM15,000 to RM500,000 on your card.

Key Benefits

  • Earn up to 6% cashback on local and overseas travel, dining, and other purchases.
  • Get cashback from selected travel agencies.
  • Earn cashback on local petrol transactions.
  • Get complimentary access to Plaza Premium Lounges in Malaysia.
Additional Points Description
How to Use It
  • Use the RHB Islamic World Mastercard Platinum Credit Card-i to pay for all your local and overseas transactions.
  • Get up to 6% cashback on your purchases.
  • You can also enjoy travel benefits when you use this card at airports.
Good about It
  • Enjoy complimentary green fees at golf clubs across Malaysia.
  • Enjoy exclusive offers and discounts with Mastercard Privileges.
  • Annual fees waived for life without any condition.  
Keep in Mind
  • There is a cap on the cashback that you can earn (specific categories) per month.
  • The percentage of cash rebate you can earn depends on your total spend per month.
  • Cashback is not applicable for overseas petrol purchases.
  • Your annual income must be a minimum of RM80,000 p.a. to be eligible for the card.

Who Should Get It

Those who use their card to make local and overseas retail transactions.

Maybank Islamic World Mastercard Ikhwan

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Earn TreatsPoints on local and overseas purchases.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Takaful coverage of up to RM2 million.

(Takaful Protection)

This credit card from Maybank lets you earn reward points on local and overseas purchases. You also get to enjoy an array of travel-related privileges. Use this card to gain exclusive benefits to compliment your lifestyle.

Key Benefits

  • Earn 5x TreatsPoints for every RM2 spent on local transactions.
  • Get 5x TreatsPoints for each Ringgit you spend overseas.
  • Redeem your TreatsPoints for Enrich Miles.
  • Annual fee for the principal card waived off for the first year. Spend a minimum of RM50,000 per year to get the fee waived for subsequent years.
  • Annual fee waived for life for up to 4 supplementary cards.
  • Enjoy a Muslim-friendly travel package to South Africa and Mauritius inclusive of all expenses.
  • Get complimentary access to Plaza Premium Lounges in Malaysia and across the world.
  • Get automatic complimentary travel takaful coverage of up to RM2 million.
Additional Points Description
How to Use It
  • Use your Maybank Islamic World Mastercard Ikhwan Card-i to pay for local and overseas purchases.
  • Earn reward points on all your transactions.
  • Redeem your TreatsPoints for Enrich Miles.
Good about It
  • Earn 10,000 TreatsPoints on your first transaction of any amount.
  • Get 1 TreatsPoints on petrol, utilities, insurance, and EzyPay transactions.
  • Redeem 6,360 Treats AirMiles for 1,000 Enrich Miles.
  • Enrich Miles that you can get include Enrich Miles (MAS), Asia Miles, and KrisFlyer Miles

(Singapore Airlines).

  • Dine at SPG Hotels & Resorts Privileges and get up to 50% off your food bill.
  • Complimentary access to golf clubs in Malaysia and across the world.
  • 0.2% of your cross border purchase value will be donated to Waqaf & Zakat, a charity to help those in need.
Keep in Mind
  • You don’t earn TreatsPoints on government-related transactions.
  • The minimum income requirement for this card is RM100,000.
  • You are eligible for travel takaful only when you use your card to book your international flight tickets.
  • Complimentary access at Plaza Premium Lounge is valid for 5 visits until 31 December 2018.
  • In case of delay or loss of luggage, you need to use your Maybank Islamic World Mastercard Ikhwan Card-i to purchase clothing and other essentials. If you pay cash or use your debt or another credit card, you will not be eligible for compensation.
  • Dining discount of 50% at SPG Hotels & Resorts is applicable only when you dine with one other guest.
  • You get a discount of 40% when you dine at SPG Hotels & Resorts with 3 to 10 guests.
  • The discount is not applicable on alcoholic beverages and tobacco products.    

Who Should Get It

  • Those who prefer to use their card to make regular local and overseas purchases.
  • Frequent flyers.

HSBC Amanah MPower Credit Card-i

The HSBC Amanah MPower Credit Card-i rewards you when you use it to make local and overseas purchases. You also get exclusive deals and privileges at over 6,500 shopping outlets across Malaysia.

Key Benefits

  • Earn 1% cashback for every RM1 spent on overseas retail purchases.
  • Get 0.5% cashback on your local transactions.
  • Enjoy offers on dining, travel, shopping, and entertainment.
  • Pay off any outstanding amount on your other credit cards at low profit rate with the HSBC Amanah Balance Transfer Plan.
Additional Points Description
How to Use It
  • Make local purchases with this card to earn cashback.
  • You can earn cash rebate for every RM1 or equivalent you spend overseas.
  • Use this card to shop, dine, and make other purchases at selected outlets to enjoy exclusive rewards.
Good about It
  • There is no cap on the cash rebates you can earn with this card.
  • You get exclusive deals and discounts as part of the SmartPrivileges Programme.
  • Get swift access to funds during emergencies with the HSBC Amanah Cash Advance programme.
  • Cashback offer is applicable on local and overseas retail, online transactions, and auto-billing.
Keep in Mind
  • The cash rebate offer is not applicable on petrol, cash advance charitable donations, government-relations transaction, cash advance, and cash instalment feature.
  • Cash rebates will be awarded only for purchases above RM1. The offer is valid until 31 December 2018.

Who Should Get It

  • Those who use their credit card to make local and overseas purchases.
  • Those who are looking to clear the outstanding balance on their cards at a low profit rate.

CIMB Islamic Bank Platinum Credit Card

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Earn Bonus Points for every Ringgit you spend on all halal transactions.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Travel takaful coverage of up to RM1 million.

( Takaful Protection)

From cash rebates to reward points, the CIMB Islamic Bank Platinum Credit Card offers a variety of benefits. This is a Shariah-compliant card based on the concept of Ujrah. You can redeem the reward points for gifts, shopping vouchers, and other merchandise.

Key Benefits

  • Annual fee waived for life without any conditions.
  • Get reward points on every transaction you make.
  • Earn 1 Bonus Point for every RM1 you spend using your card.
  • Automatic travel takaful coverage of up to RM1 million.
Additional Points Description
How to Use It
  • Swipe your card to make local and overseas transactions.
  • For every RM1 you spend using you card, you will get 1 Bonus Point.
  • You can redeem your Bonus Points for vouchers, gifts, and more.
Good about It
  • No annual fee for both principal and supplementary cards.
  • Get instant access to cash with the cash advance facility.
  • Pay the outstanding balance for the previous month in full to get 100% cashback on the Payable Facility Charges (PFC).
  • If you don’t have proof of income, you can place a deposit in FRIA-i with CIMB Islamic Bank to be eligible for the card.
  • The minimum income requirement to be eligible for this card is RM24,000 p.a.
  • Get a complimentary CIMB Touch ‘n Go Zing Card with auto-reload facility.
Keep in Mind
  • You will be eligible for the complimentary travel takaful coverage only if you use your card to buy your flight tickets.
  • This is a basic card with minimal features.

Who Should Get It

  • Those who use their card to make purchases regularly.
  • Those who want to apply for a credit card but don’t have income proof.

Bank Rakyat Gold Credit Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Get Rakyat Rewards on every halal transaction you make.

(Rewards Programme)

13% p.a. to 18% p.a.

(Profit Rate)

Free takaful coverage for family and Khairat Kematian.

(Takaful Protection)

The Bank Rakyat Gold Credit Card-i offers profit rebates, Rakyat Rewards, and more to all cardholders. It also offers Khairat Kematian.

Key Benefits

  • Annual fee waived for life without any conditions.
  • Earn 1 Rakyat Reward for every RM1 you spend.
  • Complimentary Group Family takaful coverage.
  • Profit rate for non-Bank Rakyat share members ranges from 13.5 p.a. to 18% p.a.
  • Low profit rate, from 13% p.a. to 17% p.a., for Bank Rakyat share members.  
Additional Points Description
How to Use It
  • Swipe your Bank Rakyat Gold Credit Card-i to make purchases and earn Rakyat Rewards.
  • Every RM1 you spend, will earn you 1 Rakyat Reward.
  • You can redeem your Rakyat Rewards for cash rebate at the rate of 10 Rakyat Rewards – RM0.10.
Good about It
  • No additional fees (0% mark-up) on currency exchange when you carry out overseas transactions.
  • 0% Instalment Plan facility for all retail purchases valued at RM1,000 and above.  
  • Rakyat Rewards can be redeemed for cash rebate.
  • Earn profit rebate of up to 3% on various facilities.
  • This card is accepted for zakat payment.
Keep in Mind
  • Profit rebate is applicable only on auto-debit, Good Paymaster, and other financing facilities offered.
  • You can earn a maximum of 2% rebate in the first year.

Who Should Get It

  • Those who use their card to make day-to-day purchases.
  • Those who want to use their card to make a big ticket purchase.

BSN Al-Aiman Gold Credit Card

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

2x Happy Points for overseas spends.

1x Happy Points for retail spends.

(Annual Fees)

Government Servants—11% p.a. to 17.5% p.a.

Private Employees—13.5% p.a. to 17.5% p.a.

(Profit Rate)

Travel accident and inconvenience benefit of up to RM500,000.

(Takaful Protection)

This Shariah-compliant card works on the concept of Ujrah where you are required to pay a fee to utilise the facilities provided by the card. The card comes with lifetime annual fee waiver and non-compounding charges.

Key Benefits

  • Earn 2x Happy Points when you spend on retail transactions overseas.
  • Earn 1x Happy Points when you spend on retail transactions in Malaysia.
  • Enjoy low finance charges starting at 11% p.a. if you are a government employee and at 13.5% p.a. if you are a private sector employee.
Additional Points Description
How to Use It
  • Pay with the BSN Al-Aiman Gold Credit Card for all your local and overseas retail purchases.
  • Earn Happy Points based on the amount you spend in Malaysia and overseas.
  • Use the accumulated Happy Points to redeem gadgets, kitchen items, travel-related items, and kids’ items.
Good about It
  • Get an automatic travel takaful coverage of up to RM500,000.
  • Enjoy BSN Happy Privileges in the form of special discounts and deals on dining, shopping, and travel packages.
  • Get an extended repayment period at a profit rate of 0% with the BSN Instalment-Pay Plan.
Keep in Mind
  • The Happy Points are valid for a period of 3 years.
  • The travel takaful coverage is provided for free only if you charge the entire airfare to your card.

Who Should Get It

  • Those who make retail purchases with their card.
  • Those who use their card while travelling overseas.

AmBank Islamic Visa Infinite Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

5x AmBonus Points for overseas spends.

(Rewards Programme)

15% p.a. to 18% p.a.

(Profit Rate)

Travel takaful coverage of up to RM2 million.

(Takaful Protection )

The AmBank Islamic Visa Infinite Card-i provides reward points when you spend overseas. Your annual income must be a minimum of RM120,000 to be eligible for the card.

Key Benefits

  • Earn 5x AmBonus Points for overseas spends.
  • Get complimentary travel insurance of up to RM2 million if you flight ticket is completely charged to your card.
Additional Points Description
How to Use It
  • Swipe your AmBank Islamic Visa Infinite Card-i for all your purchases overseas.
  • Earn AmBonus Points on every RM1 you spend for overseas purchases.
  • Redeem free flights at over 50 airline partners with the accumulated AmBonus Points.
  • You can also choose items from the rewards redemption catalogue to redeem.
Good about It
  • Enjoy Plaza Premium Lounge access throughout the year with a discount of 25% on all lounges in Malaysia and 20% off overseas lounges.
  • Get on-the-spot redemption facility at the participating outlets, such as Cosway, Courts, ESH, MyDin, and SenHeng.
Keep in Mind
  • Only spends made outside Malaysia are considered as overseas spends to provide 5x Reward Points.
  • Online transactions done from another country are not considered as overseas transactions.

Who Should Get It

  • Those who prefer to shop overseas using their card.

Public Islamic Bank Visa/Mastercard Platinum Credit Card-i

Card Name
Rewards Programme
Profit Rate
Takaful Protection
Know More

Unlimited 0.2% Hibah Performance Bonus on local and overseas spends.

(Rewards Programme)

15%p.a to 18%p.a.

(Profit Rate)

Up to RM500,000.

(Takaful Protection)

The Public Islamic Bank Visa/Mastercard Platinum Credit Card-i lets you earn performance bonus on your transactions. You can also enjoy a host of Visa privileges with the card.

Key Benefits

  • Earn unlimited Hibah Performance Bonus of 0.2% when you spend on retail purchases locally and overseas.
  • Make on-the-go payments with the Visa PayWave/Mastercard Paypass facility.
Additional Points Description
How to Use It
  • Pay all your purchases with the Public Islamic Bank Visa/Mastercard Platinum Credit Card-i.
  • Get unlimited Hibah Performance Bonus on local and overseas retail purchases.
  • The bonus has no restrictions, no minimum qualifying sum, and no maximum limit.
Good about It
  • Get travel coverage of up to RM500,000.
  • Enjoy 2 complimentary visits to Plaza Premium Lounges in Malaysia.
Keep in Mind
  • Your annual income must be a minimum of RM50,000 to be eligible for the card.
  • Casino expenses, petrol purchases, charity donations, government-related transactions, payments done on www.pdebank.com and ATM, cash advance, balance transfer, transactions done at Tunku Abdul Rahman University and Tunku Abdul Rahman University College campus.

Who Should Get It

  • Those who use their card for retail transactions in Malaysia and overseas.

How to Choose the Best Islamic Card

Compare the credit cards and choose the one that suits your requirements. Make an assessment of your needs and choose the card which best suits your requirements.

Compare the cards, read the terms and conditions, and choose the one that fits your lifestyle.

If you want to know more about other categories, check the best cashback credit cards or the best shopping credit cards

Review

While all Islamic cards offer incredible benefits, the Maybank Islamic World Mastercard Ikhwan Card-i stands out with its offerings. You can earn up to 5 TreatsPoints on local and overseas retail purchases, and 1 TreatsPoint on insurance and utility payments. The TreatsPoints that you earn can be redeemed for Enrich Miles to enjoy flight tickets at a discounted price.

This Shariah-compliant card also offers a range of travel benefits like complimentary lounge access and travel takaful coverage. You can also enjoy complimentary access to golf clubs in Malaysia and across the world.

Illustration

Let’s understand how you can earn TreatsPoints using the Maybank Islamic World Mastercard Ikhwan Card-i. Consider that you spend RM2,000 per month on overseas purchases, insurance premium, and other spend categories. The table below illustrates how many reward points you can earn for your purchases.

Expense Category Amount Spent Reward Points Awarded Reward Points Earned Total Reward Points Earned
Overseas shopping RM1,000 5 TreatsPoints RM1,000 x 5 = 5,000 TreatsPoints 6750 TreatsPoints
Local retail purchases RM500 5 TreatsPoints RM500 x 250 = 1,250 TreatsPoints
Insurance premium RM200 1 TreatsPoint RM200 x 1 = 200 TreatsPoints
Petrol purchase RM300 1 TreatsPoint RM300 x 1 = 300 TreatsPoints

You earn 5 TreatsPoints on every RM1 you spend on overseas transactions and 5 TreatsPoints for every RM2 spent on local purchases. You can redeem your TreatsPoints for Enrich Miles.

The conversion rate from Treats AirMiles to Enrich Miles is:

6360 Treats AirMiles = 1000 Enrich Miles

You can also redeem your Treats AirMiles for Enrich Miles for Malaysia Airlines, KrisFlyer Miles (Singapore Airlines) and Asia Miles for Cathay Pacific.

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